Morgan Stanley assigns JPY 3,000.00 target to Sumco stock
Published on 10/17/2026 at 22:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMorgan Stanley rates Sumco Hold
- Morgan Stanley assigned a JPY 3,000.00 target and Hold rating on September 29, 2026.
- First-half sales reached JPY 215.00 billion, up JPY 9.70 billion from the prior year.
- Sumco stock last traded at JPY 2,703.00 at 3:30 p.m. JST on October 16, 2026, 1.90 percent above its prior close.
- Sumco had a JPY 945.3 billion market capitalization and a negative P/E of 34.09 on October 16, 2026.
Morgan Stanley assigned Sumco a Hold rating and a JPY 3,000.00 price target on September 29, 2026, putting the target 10.99 percent above the JPY 2,703.00 Tokyo price. The rating and target were reported by The Globe and Mail. Sumco stock last traded at JPY 2,703.00 on the Tokyo Stock Exchange on October 16, 2026 at 3:30 p.m. JST, up 1.90 percent versus its prior close.
First-half sales rose as losses continued
Sumco's interim results for the six months ended June 30, 2026 showed sales of JPY 215.00 billion, up JPY 9.70 billion from JPY 205.30 billion a year earlier. Operating income moved from a JPY 7.40 billion profit to a JPY 6.30 billion loss over the same period, according to Corporate Visit.
Price position remains below the yearly high
The October 16 session closed at JPY 2,703.00 after 11,722,500 shares changed hands, versus an average volume of 13,475,157 shares. The 52-week range was JPY 1,131.00 to JPY 5,939.00, leaving the stock 54.49 percent below its yearly high.
Valuation and upcoming results
Sumco had a market capitalization of JPY 945.3 billion, a negative P/E of 34.09 and a dividend yield of 0.01 percent on October 16, 2026. The company's investor-relations page lists fiscal year 2025 sales of JPY 409.6 billion, a JPY 11.7 billion loss and an EBITDA margin of 27.4 percent, according to Sumco.
Capital Atlas wrote on October 5, 2026 that Sumco's third-quarter results were expected in November 2026.
Comparison with peers
Sumco (Tokyo Stock Exchange, JPY): plus 1.90 percent, P/E minus 34.09, market capitalization JPY 945.3 billion
Shin-Etsu Chemical (Tokyo Stock Exchange, JPY): plus 0.25 percent, P/E 23.33, market capitalization JPY 11.1 trillion
Tokyo Electron (Tokyo Stock Exchange, JPY): plus 2.56 percent, P/E 39.22, market capitalization JPY 24.2 trillion
Market context for Sumco
Sumco's target sits above the latest Tokyo price, while the interim operating loss keeps the next results release important for the recovery case.
Sumco stock facts
- Company: Sumco Corporation
- ISIN: JP3322930003
- Ticker: 3436
- Primary exchange: Tokyo Stock Exchange
- Price Tokyo Stock Exchange (as of October 16, 2026, 3:30 p.m. JST): JPY 2,703.00
- Change versus prior close: plus 1.90 percent
- Market capitalization: JPY 945.3 billion (as of October 16, 2026)
- 52-week range: JPY 1,131.00-JPY 5,939.00 (as of October 16, 2026)
- Sector / Industry: Information technology / Semiconductors and semiconductor equipment
- Index membership: Nikkei 225
Market context: Market report Nikkei 225.
